No Credit Line Increase for my Capital One Credit Card

Guest: TomfromCT
Credit Expert (100+ Posts)
Post subject: No Credit Line Increase for my Capital One Credit Card
Posted: Wed Apr 26, 2006 7:13 am

Ok,


We all know CAP 1 is tough on CL increases.

I have taken the approach in the past of charging ALOT and paying it off to the point where I charge much more than my CL but pay online so I am never above my CL at any one point. Alas, nothing - no increase.

So now, I just sent them a check for the balance and I am sock drawer-ing the card for 9 months to see what happens.
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Guest: fitz75
Posted: Wed Apr 26, 2006 8:27 am

I just got a Cap 1 card a month ago and was already offered a 500.00 for using it and paying it on time for 3 months.

Does Cap 1 consolidate cards? If so you may try to get another.

I'm about to head over to Korea in the fall. Since Cap 1 doesn't charge foreign currency fees, I will probably use it for a bulk of my purchases over there.

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Guest: Board Monitor
Board Monitor/ Administrator
Posted: Wed Apr 26, 2006 10:21 am

Quote:
I'm about to head over to Korea in the fall. Since Cap 1 doesn't charge foreign currency fees, I will probably use it for a bulk of my purchases over there.


Good idea! Let us know how that turns out for you.
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Guest: TomfromCT
Credit Expert (100+ Posts)
Posted: Wed Apr 26, 2006 10:23 am

Fitz...I have heard of the three month increase with cap 1.... gettting one after that isn;t so easy tho.
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Average FICO score: 709

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Guest: fitz75
Posted: Wed Apr 26, 2006 10:44 am

Cap 1 set me up with a pretty good credit line on the first card. They also keep sending me more invites for their lowes card and another platinum MC. I was debating grabbing another Cap 1 before I head off. I have 2 years in Korea and will be shooting for 3 years in Japan after that.

[quote="Board Monitor"]Good idea! Let us know how that turns out for you.[/quote]

Will definitely keep you guys updated

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Guest: jlrdc909
Posted: Sat Apr 29, 2006 11:54 am

Capital One is one of the strangest issuers I know.
I had 2 of there cards, with good credit, in the past 5 years of having the card, I never got a CLI, however a friend of mine who defaulted on their card years back, received one with a 7500 starting limit, GO FIGURE!

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Guest: tb33
Posted: Sun Apr 30, 2006 8:17 am

[quote="fitz75"]Cap 1 set me up with a pretty good credit line on the first card. They also keep sending me more invites for their lowes card and another platinum MC. I was debating grabbing another Cap 1 before I head off. I have 2 years in Korea and will be shooting for 3 years in Japan after that.

[quote="Board Monitor"]Good idea! Let us know how that turns out for you.[/quote]

Will definitely keep you guys updated[/quote]

I thought Lowes was issued by GEMB?

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Guest: fitz75
Posted: Sun Apr 30, 2006 8:26 am

The Lowes apps I get in the mail say Cap 1, but you cant apply online for the card. You gotta call a 1-800 number. The card is a Cap1 plat visa.

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